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A car loses about 10% of its value as soon as it's driven off the lot. And within the first three years, that number goes up to 50%.
Semiconductors represent a $574 trillion industry globally and are on pace to cross the trillion-dollar mark by the end of the decade. The industry has been caught in the crosshairs between the U.S. and China, two of the world's largest economies.
As autonomous driving technology becomes more mainstream, automakers like Waymo and Geely are beginning to make crucial decisions about what their next generation of vehicles will look like.
Federal Reserve leaders warned of monetary policy's "long and variable" lags numerous times in 2023. This term refers to the unpredictable speed at which interest rate changes can affect the economy.
Used EV prices are falling. Studies show that used EV prices fell somewhere around 30 percent in September and October 2023 from the same period in 2022.
Amazon, Walmart and Target are investing big in new processes to cut down delivery time. Each company has developed its own strategies for faster shipping, but how do customers know which option to use to ensure they get their products quickly?
Keurig Dr Pepper is the biggest player in the coffee pod market in the United States with domestic sales estimated to be three times that of its biggest competitor, Nestlé’s Nespresso. However, over the past decade, Nespresso has been steadily gaining
Tipping in the United States is on the rise and experts are calling it tipflation. The pressure to tip well in front of the tip receiver, before a service is completed, or in front of other customers makes a difference for many.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.
Los Angeles County has more public DC fast chargers for EVs than any other city in the U.S. The majority of non-Tesla electric vehicles have a CCS port that works at these charging stations as well.
Target uses its almost 2,000 stores to deliver 95% of its online orders. Now it’s ramping up its shipping speed by investing $100 million in local sortation centers to keep up with companies with strong e-commerce like Amazon and Walmart.
The U.S. hasn't updated physical currency but some countries have changed lower denomination bills into coins and paper notes have been converted to polymer.
On July 16, 2023 Canada opened visa applications for a pilot program that would allow up to 10,000 H-1B visa holders in the United States to apply for a three year open-work permit in Canada.
Finding fully remote work is getting challenging. New research from Indeed found that job postings are declining faster in metropolitan areas where many jobs can be done remotely.
Arm beat expectations in its first post-IPO earnings report Wednesday. Its low-power chip architecture is in nearly every smartphone, replaced Intel’s x86 processors in Apple’s Mac computers.
Amazon is the king of fast delivery – it pioneered the free two-day shipping model customers have come to expect.
Bitcoin ATMs, or BTMs, exploded in popularity between 2020 and mid-2022, at the height of the crypto craze. At their peak, BTMs totaled 34,000 across the U.S., according to Coin ATM Radar.
Italy’s parliament has finally approved a plan to build the world’s longest suspension bridge between Sicily and the mainland, an area prone to 170 mph winds, powerful riptides and earthquakes.
Self-driving cars without safety drivers behind the wheel have flooded San Francisco streets.
You’re being asked to tip more and more places today. If you’re annoyed, you’re not alone. A survey by Bankrate found a third of people are annoyed by those pre-entered tip screens.
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
Deloitte Global Retail Outlook 2024
After a prolonged period of suppressed consumer spending, macroeconomic and geopolitical uncertainty, and rapid changes in consumer behavior (among other things), the global retail industry stands at a crossroads; forced to make decisions about long term investments in new technology and business models while at the same time managing the rising cost of doing business and a decline in the spending power of consumers. - From Deloitte Insights Read more
The World's Top Flight Routes by Revenue
In 2024, a record 4.7 billion people are projected to travel by air—200 million more than in 2019. While revenues surged to an estimated $896 billion globally last year, airlines face extremely slim margins. On average, they made just $5.44 in net profit per passenger in 2023. Today, the industry faces pressures from high interest rates, supply chain woes, and steep infrastructure costs. - From Visual Capitalist
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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